We are getting mighty close to SpaceX IPO (Possibly next week)

Of course, we will have an extensive coverage of the IPO and what you need to know next week.

However, we also want to take a look at the other space-related companies on the Nasdaq that could benefit from SpaceX’s IPO.

Some are direct competitors, and some provide critical infrastructure and systems to space rocket companies.

Before we proceed, we have some interesting content this week that might change how you think about your portfolio!

Towkay Talk

Stock Rundowns

IPOs

Cheers,
InvestKaki Team 🤜🤛

Moving on, here are the news that shocked the world…

Berkshire Hathaway $BRK.B ( ▲ 1.99% ): Greg Abel, new CEO of Berkshire Hathaway made his first big bet - buying Taylor Morrison Home Corporation for $6.8 billion. [Read More]

Broadcom $AVGO ( ▼ 7.92% ): Broadcom reported slightly weaker than expected results. Revenue was up by 48%, while profits nearly doubled. Investors wanted CEO, Hock Tan to raise the company’s annual revenue target [Read More]

Dell $DELL ( ▼ 6.55% ): Dell is dialing it in. Revenue was up by 88% and profits more than tripled after it reported that its AI server revenue grew by 757% [Read More]

HPE $HPE ( ▼ 8.36% ): Hewlett Packard is an unlikely name. But its latest result show that revenue is up by 40% on higher cloud & AI and server revenue. [Read More]

Lululemon $LULU ( ▼ 8.56% ): Not a good time for Lululemon. Even though it beat expectations, the company has lowered its full-year guidance as its new product launches flopped [Read More]

Here are the news covering the Asia market…

BYD $BYDDF ( ▼ 3.16% ): BYD and Cherry are invading the global markets. They are on track for an 80% growth in overseas sales, with domestic sales in China weakening [Read More]

Mapletree: Mapletree Investment recorded a 25.7% growth in profits for 2026, while its revenue was unchanged. Assets under management is at SG$76.2 billion [Read More]

Zixin Group: Zixin Group’s revenue was up by 43%, while profits also grew by 43.8% as it reported broad-based growth across its cultivation & supply, product innovation & food production and recovery & recycling segments [Read More]

Azeus System: Earnings are down by 19% on lower revenue growth of 2% as its IT services segment declined by 24% [Read More]

Old Chang Kee: Old Chang Kee’s revenue is up by 1.5%, but profits are down by 15.8% due to higher selling and distribution expenses and lower government grants [Read More]

Every major shift in defense procurement creates a new set of market winners. The current shift toward AI-enabled systems, satellite infrastructure, and advanced aerospace is moving faster than most investors realize, and the companies leading it are still early enough to offer real upside. We put together a research report that names five of them, breaks down their technology and contract position, and explains the investment timing. Whether you're actively building a defense allocation or just want to understand where the sector is heading, it's worth 10 minutes.

See the report

Investment Thesis on one piece of paper!

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Alphabet operates the biggest internet search engine in Google, and also various other internet services such as video streaming (YouTube) and social media platforms.

Why we like this: Alphabet is probably the last name that comes to mind when it comes to space rockets. But it does have an appealing position in the space race.

It has a collaboration deal with SpaceX to launch data centres into space, that utilises Google’s data centre capabilities combined with SpaceX’s rocket launch and satellite capabilities. It also has a 7% stake in SpaceX currently.

It is currently trading at a price-to-earnings ratio (PER) of 28.1 times compared to its peers’ average of 36.2 times. Analysts think that it still has a 15% upside.

Rocket Lab is a space company that provides launch services and space system solutions.

Why we like this: When SpaceX lists, Rocket Lab will be its most direct competitor. And that’s one reason why investors might be looking at Rocket Lab in more detail as it has been in the market for longer.

Rocket Lab has been growing significantly over the past year. Revenue for 1Q 2026 is up by 63.5% as rocket launches increased to 6 while space systems revenue also increased.

Its orderbook has also grown considerably by 18.9% to US$2.2 billion as of 1Q 2026. Its contracts are also now evenly balanced between commercial and government clients.

Redwire Corporation provides space solutions and space infrastructure for government and commercial clients.

Why we like this: Redwire is the shovel to space rocket companies. It provides all the required infrastructure and hardware for them to operate.

It is relatively small with a market capitalistion of US$3.7 billion, but it does have a solid clientele. It was selected as one of the 13 vendors for the Andromeda contract vehicle.

Its defence segment has also rapidly grew in 1Q 2026, with the award of Stalker combat-proven UAS. This segment quadrupled in revenue contribution, driving overall revenue growth of 58%.

Intuitive Machines is a space infrastructure company that builds spacecraft, connects networks, and operates infrastructure as a service.

Why we like this: Similar to Redwire, Intuitive has also been chosen for the Andromeda contract vehicle. And it has a good opportunity to land lucrative contracts from NASA.

Intuitive Machines also just recorded its strongest quarter yet in 1Q 2026. Revenue tripled from US$62.5 million in 1Q 2025 to US$186.7 million in 1Q 2026.

Furthermore, its backlog of contracts have also quadrupled to US$1.1 billion giving the company a good visibility on revenue projections for the next year.

And that’s a wrap!

Cheers,
James Yeo~